Is this a front office position? - Hourly wage
The description seems to describe front office work and they say its a summer analyst program but the description says it pays an hourly wage as opposed to saying it pays a salary like the other IBD postings I have seen on my school's job website and it says the approximate hours per week is 40.
Overview:
Analysts are active deal team members responsible for targeting, marketing, structuring, and pricing of transactions for clients with FX and interest rate exposures across global regions & industries, working closely with trading and corporate and commercial banking. Specific responsibilities include: • Prepare presentation and marketing materials, support live execution on the sales desk with clients and traders • Keep abreast of foreign exchange, interest rate and capital market news and trends, as well as commercial lending and credit exposures for multinational corporations and private clients • Communicate with both clients and the broader GRC group as trends and news emerges real time • Communicate effectively with internal professionals regarding the underlying risk, credit exposure and hedging solution • Interact daily with the bank's Traders, Credit Risk group, Underwriting team, and Documentation professionals to calculate exposures, structure credit, price and document transactions • Develop relationships with internal partners including the Compliance team, FX and Interest Rate Traders, and Portfolio & Risk Solutions group to provide strategic analysis, hedging solutions and pricing around a client's FX exposures and risk
Summer Analyst Program
Summer offers are made for a specific office based on candidate preference and business need. Industry and product group assignments are made before the summer begins, once a candidate has had the opportunity to learn about each group and meet team members. The summer program kicks off with an orientation and training session where you'll learn the Bank of America Merrill Lynch basics: technical skills, our views on the markets and professional practices that will make your summer experience all the more valuable. Training will continue throughout the summer as you participate in presentations and other group and individual projects led by industry experts. Outstanding performers may be considered for a full-time position upon graduation.
sounds like MO / BO based on this: "Interact daily with the bank's Traders, Credit Risk group, Underwriting team, and Documentation professionals to calculate exposures, structure credit, price and document transactions"
This could be a very usefull niche to network out of, and would probably be a good move if you don't get anything else. Keep pushing for the job you want and use this as a backup. Is it at a BB?
I would think this would be an internship on one of the Fx sales desks.
They probably wont have you actively selling, especially at first, and a lot of this "Interact daily with the bank's Traders, Credit Risk group, Underwriting team, and Documentation professionals to calculate exposures, structure credit, price and document transactions" type of activity involves stuff that the sales guys hate taking the time to do.
so I think it is FO, but doing the sales desk's bitch/support work.
edit-i worked w/ one of these groups @baml
This position is actually for BAML, can you tell me what your experiences were like at your internship there?
Doesn't seem like it, could be a great way to network into one though.
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